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20130106
20130114
Search Results 0 to 4 of about 5 (some duplicates have been removed)
this is great news for jobs, but with nearly 16 1/2 trillion dollars in debt someone here says if we don't start trimming the fat now, we're only killing more jobs later. so, who is right? hi, everyone, i'm brenda buttner, this is bulls and bears. let's get right to it, the bulls and bears this week, gary b smith, tobin smith. jonas max ferris and gary and caroline. welcome to everybody. gary k, the year is one week old and congress passing billions of new pork and you say bad sign for jobs in the new year. why is that? >> could have,look, it never ends. 430 million dollars for hollywood producers so they do movies in the u.s. versus other places? that's crazy. look, when you continue to raise spending it ends up being a tax on the economy, it keeps the headwinds on the economy, still at 7.8%, if you add in the people that came out of the work force we're more like at 11. it does nothing for nobody because gornment is inefficie inefficient, there is no profit motive and the inefficienes because of that does nothing for the economy going forward. >> brenda: jonas, doesn't it do something? might c
and minds. you are the leader. >> don't settle. lived better. live free. john: no more than 2 million understand nice. >> crystal.nice. >> stick around for the after the show show. >> brenda: pay day, may day. millions of americans seeing their paychecks take a hit for the first time this week as the payroll tax hike kicks into full gear. and with 77% of workers in the cross-fire, virtuly no one is safe. >> i almost cried because they took taxes, a lot of taxes out of me. >> it's one of those things that nobody is happy about. >> that sucks. >> it's not good to see it go down. >> it makes a little bit of a difference, maybe with a little less spending, fun stuff. >> my paycheck was about $60 less this months, that goes to food and groceries, i am not super happy about that. >> less money in my pocket and less money i spend, less money in the economy. so are they right? does this new payroll tax hike mean less spending and a weaker economy? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, the bulls and bears this week, gary b smith, tobin smith, jonas max ferri
? >> i don't see how it can't, brenda. the person in tt little clip summed it up perfectly. it makes a little bit of a difference and a little bit of a difference times a few hundred million people makes a big difference. it's already been studied by economists, they predict 4 to 500,000 jobs lost, 1/2% lopped off the the gdp. if you look around the studio there, everyone that gets a paycheck, like they said in that little clip, sees less he money. that's less money they were going to spend on groceries, at the drug store, the gas station and that money gets sucked out of the economy, so do jobs. >> brenda: well, now, this does hit lower and middle class americans harder because there is a limit to the amount of income that is taxed. but toby, do you think the higher income americans can make up the spending? >> well, yes. and the fact is, whether this sounds fair or not fair, here are the facts that the top 20% earners in the united states, not the 50% who don't pay any taxes, by the way. but top 20% we look at and measure for discretionary spending because that's the margin, the sp
Search Results 0 to 4 of about 5 (some duplicates have been removed)